Two Sigma Investments
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Two Sigma Investments’s iShares MSCI USA Min Vol Factor ETF USMV Stock Holding History

Two Sigma Investments’s Portfolio USMV Stock Details USMV Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$116M Sell
1,250,600
-1,242,000
-50% -$118M 0.09% 236
2025
Q4 		$235M Sell
2,492,600
-240,800
-9% -$22.7M 0.33% 37
2025
Q3 		$260M Buy
2,733,400
+565,200
+26% +$52.9M 0.39% 19
2025
Q2 		$204M Buy
2,168,200
+1,573,600
+265% +$145M 0.36% 56
2025
Q1 		$55.7M Buy
+594,600
New +$54.7M 0.12% 205
2024
Q4 		– Sell
-126,600
Closed -$11.6M – 3500
2024
Q3 		$11.6M Buy
+126,600
New +$11.2M 0.03% 696
2023
Q4 		– Sell
-13,900
Closed -$1.01M – 3401
2023
Q3 		$1.01M Sell
13,900
-106,600
-88% -$7.95M ﹤0.01% 1926
2023
Q2 		$8.96M Sell
120,500
-424,200
-78% -$31M 0.02% 691
2023
Q1 		$39.6M Buy
544,700
+800
+0.1% +$57.5K 0.11% 222
2022
Q4 		$39.2M Sell
543,900
-271,900
-33% -$19.3M 0.12% 200
2022
Q3 		$53.9M Sell
815,800
-186,500
-19% -$13.4M 0.18% 141
2022
Q2 		$70.4M Buy
1,002,300
+343,800
+52% +$25.2M 0.23% 108
2022
Q1 		$51.1M Sell
658,500
-747,600
-53% -$56.6M 0.15% 180
2021
Q4 		$114M Buy
1,406,100
+301,500
+27% +$23.3M 0.24% 96
2021
Q3 		$81.2M Buy
1,104,600
+235,600
+27% +$17.9M 0.18% 135
2021
Q2 		$64M Sell
869,000
-599,600
-41% -$43.3M 0.15% 162
2021
Q1 		$102M Buy
1,468,600
+53,600
+4% +$3.62M 0.26% 78
2020
Q4 		$96M Sell
1,415,000
-406,100
-22% -$26.7M 0.28% 84
2020
Q3 		$116M Buy
1,821,100
+1,439,700
+377% +$91.4M 0.41% 51
2020
Q2 		$23.1M Buy
381,400
+270,800
+245% +$16.1M 0.11% 192
2020
Q1 		$5.97M Sell
110,600
-799,900
-88% -$50.7M 0.05% 429
2019
Q4 		$59.7M Sell
910,500
-489,500
-35% -$31.4M 0.18% 129
2019
Q3 		$89.7M Buy
1,400,000
+900,100
+180% +$57M 0.3% 66
2019
Q2 		$30.9M Buy
499,900
+72,600
+17% +$4.36M 0.1% 246
2019
Q1 		$25.1M Buy
427,300
+139,600
+49% +$7.82M 0.08% 324
2018
Q4 		$15.1M Sell
287,700
-212,400
-42% -$11.7M 0.06% 407
2018
Q3 		$28.5M Buy
+500,100
New +$27.9M 0.08% 331

Other funds holding USMV

Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
Raymond James Financial
Raymond James Financial St Petersburg, Florida $324B AUM 22.36% 1-Year Est. Return
Bank of America
Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
LPL Financial
LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return
PNC Financial Services Group
PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return
Wealth Enhancement Advisory Services
Wealth Enhancement Advisory Services Plymouth, Minnesota $59.8B AUM 29.42% 1-Year Est. Return
CCA
Catalyst Capital Advisors Huntington, New York $5.37B AUM 18.53% 1-Year Est. Return
MRC
Millburn Ridgefield Corp New York $5.28B AUM 21.66% 1-Year Est. Return
Envestnet Asset Management
Envestnet Asset Management Chicago, Illinois $374B AUM 17.66% 1-Year Est. Return

Two Sigma Investments's USMV Position: Q1 2026 in Review

Two Sigma Investments reduced its iShares MSCI USA Min Vol Factor ETF (USMV) stake by 50% in Q1 2026, selling an estimated $118M and leaving 1,250,600 shares worth $116M. The position accounts for 0.09% of the portfolio, ranked #236.

Two Sigma Investments first reported a position in USMV in Q3 2018 and has held it in 27 quarters since. The position peaked at $260M in Q3 2025. 1,356 funds tracked by Wall St. Rank hold USMV as of Q1 2026.

  • Two Sigma Investments held 1,250,600 shares of iShares MSCI USA Min Vol Factor ETF worth $116M as of Q1 2026.
  • Two Sigma Investments sold 1,242,000 iShares MSCI USA Min Vol Factor ETF shares in Q1 2026, an estimated $118M.
  • iShares MSCI USA Min Vol Factor ETF made up 0.09% of Two Sigma Investments's portfolio in Q1 2026, its #236 holding.
  • Two Sigma Investments first reported a position in iShares MSCI USA Min Vol Factor ETF in Q3 2018 and has held it in 27 quarters since.
  • Two Sigma Investments's iShares MSCI USA Min Vol Factor ETF position peaked at $260M in Q3 2025.
  • 1,356 funds tracked by Wall St. Rank held iShares MSCI USA Min Vol Factor ETF as of Q1 2026.

Based on Two Sigma Investments's 13F filing for Q1 2026, filed 15 May 2026.